Repsol’s CNMC fine clears up suspicions of ‘political revenge’

Sometimes it seems that CNMC, the Comisión Nacional de los Mercados y la Competenciahas a variable and surprising concept of the market.

They recently made a damning decision to de-distribute when they decided on a reward due to the cost of real capital which penalizes thousands of businesses and lives that don’t have electricity on.

Now I seem to understand exemplary deliberate decision and it could be interpreted as a warning to navigators to those who do not understand the politics and messages of the government.

Millionaire alright Repsol It is shocking in its depth and form, and worse, it sets a precedent of randomness and punishing excess that it can be seen as a pitfall for companies trying to stick to their own strategies regardless of what the government orders.

Let’s put these things into context. In 2022, when inflation has disappeared, the prevailing ideology and interventionism that is suffocating us, they blame the oil companies and big for-profit companies with fast prices and increase your margins.

The evidence was to the contrary, but the narrative of interventionism that influenced the political debate in Spain repeated it without Cesar.

High inflation and difficulties for consumers were caused, it cannot be forgotten, by the disastrous decision to remove public gas and money supply at the borders and during the opening (MIT, Borio, Congdon and Castaneda, etc.).

Teresa Ribera, entonces ministrador del aterrador ministerio de Transición EcológicaI appreciate Repsol’s “effort” at the time to reduce the price of fuel with a discount of 5 cents per liter for minority gas customers and 10 cents for professionals.

Ribera, además, advised other petrolers to do the same. They’re cool with it now.

For years we tried to stifle the master plan of socialist propaganda with experiments help large companies increase business volume and suffer costsit creates – of course – an observatory of leading companies.

Teresa Ribera, entonces ministrador del aterrador ministerio de Transición EcológicaI appreciate Repsol’s “effort” at the time to reduce the price of fuel with discounts

You always have money for chiringuitos. The evidence showed that none of this was true.

The CNMC said in its press release that “Repsol has implemented a pricing policy that targets low-cost (low-cost) gasoline companies and prevents them from competing.”

“During the sanction period, Repsol held a dominant position in the main market for fuel at national service stations, which imposed a special responsibility on it.”

He continues: “In 2022, at the same time as the increase in the price of fuel for the Russo-Ukraine war, Repsol will generally increase the price of fuel to its competitors such as Gas Oil A (GOA) in this market”.

“At the same time, in the smaller fuel station market, there was a campaign of discounts, in addition to those envisaged by the government, for shippers transshipping fuel at Repsol stations,” the CNMC said.

Nothing can be felt in this communication. Those who spent years blaming companies for growing business tell you that “low-cost” companies couldn’t compete for five cents.

But these companies are still walking the fringes every day! It’s a commercial strategy.

It subsequently confirms that the dominant position is here requires special responsibility Do you ever seem to think that it is not your responsibility to make mistakes?

What kind of dominance can it justify when the biggest price weight is fundamentally ungodly and independents make up 45% of the market?

Are any of these people familiar with the concept of economies of scale? ?You must have the prices immediately? Are they fined for it? If sector managers are retained, what lack of acute competence?

Those who spent years blaming companies for growing business tell you that “low-cost” companies couldn’t compete for five cents

He states that he will suffer prices from his competitors in gasoline And when those competitors can buy from someone who wants and holds them, also international prices are said not to be suddenly individual, they will suffer equally in all markets.

If it is ignorance, it is intolerable, but if it is sectarianism, it is shameful.

Commenting on the goods you don’t hear in gas oil, only 11% is distribution costs and margins, 51% is raw material costs with international prices and the rest is impuestos.

Well, nobody gets away with it and the guy is very naive or very sectarian who Repsol’s strategy with regard to Venezuelamensajes de Image Sectarianism in energy policy and attending a meeting with President Trump deeply bothered the administration… now.

And I say “now” because Nadie realizes that Sanchism’s position in relation to Venezuela has changed dramatically over the past few years.

What was the case of Sánchez, the one who condemned the dictatorship and recognized Guaidó as president, or the one who enlightened Chavismo by participating in the entelequia of an impossible dialogue between men and women promoted by the ultrazquierda? Obviously no one. We forget that they are private companies.

Hay que ver. It seems that the companies have not been informed that the government has to follow, call and listen even though I say one thing and say the opposite.

Does the government think it is best to import more used liquefied natural gas? Yes, Sánchez says that if he is acata. Will the government change its stance on Venezuela and ultimately condemn Maduro’s government to stand the same distance? Call and listen.

¿That the government wants to do well with Biden and badly with him in the US Trump for political activism? Listen. What kind of person in government, in conjunction with the European Commission, would introduce the most stringent measures and the most sectoral ideas in energy, which would lead to multi-million dollar inversions in nuclear power and natural gas? Call and receive.

What are the low prices in 2022 and now they tell you it hurts men? pay.

With Sánchez, it’s not about being clear about his politics, because they vary 180 degrees depending on what interests him. Unconditional compliance is required.

Decision of the CNMC It doesn’t seem formal or technical to me, much less in terms of the amount of the fine. It doesn’t matter if you keep in mind the period of extreme inflation being analyzed, it doesn’t matter much outside of a competency analysis in a market as disruptive as energy, much less when you read the above arguments.

Who realizes that it isn’t, that seeing with governmental rabies is right enough to believe, but when the liquid is taken out of the vat and goes into the bottle, the likelihood of it being leaky is enormous.